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Asia

Seylan Bank interest rates cuts benefit SMEs

Seylan Bank has reduced its lending rates ranging from 0.5% to 1% per annum with effect from 1 November. The Bank has been continuously reducing its rates this year while the move is also in response to the recent decision...

Bank Negara sets up special unit to assist SMIs

Bank Negara Malaysia (BNM) has set up a special unit to overcome the debt problems incurred by small- and medium-sized…


Legal and policy measures for new ventures discussed to...

At the beginning of this year the SME Promotion Regulation was put into effect to tackle the problem. Also, the…


US OPIC offers to back $1 billion future debts

The US Overseas Private Investment Corp. (OPIC) has offered to back as much as $1 billion in future borrowings of…


Vakifbank mandates US$150m loan for exports

Vakifbank said on Friday (17 October) it had mandated a consortium of foreign banks for a US$150m syndicated loan to…

#banks#exports#international


Bumiputra-Commerce Bank targets RM60m loans for SMEs

Bumiputra-Commerce Bank Bhd (BCB) hopes to approve RM60m in loans by the year-end under its BCB Fast Track SME Loan,…

#bank#conference#guarantee


EXIM seeks to become core bank for international business

The Export-Import Bank of Korea (EXIM Bank) is seeking to become a core bank for international business, supporting the government’s…


Banks to tighten lending to smaller companies

With the nation's economic slump leaving a raft of companies behind on their debt payments, domestic banks are moving to…

#bank#financial services#guarantees


Prudent regulations for SMEs next month

According to the State Bank of Pakistan’s (SBP) executive director, SBP Mansoor-ur-Rehman Khan, the bank will announce prudent regulations for…


State Minister expects end-2003 exports at $45bn

Kursad Tuzmen, the State minister responsible for foreign trade, expects exports to reach $45bn and imports to stand at $64bn-$65bn…


Small firms to get help in going North

The Korea Federation of Small and Medium Business said on Monday (13 October) that it has formulated an arrangement with…


ACCA announce seminars on good accounting management for SMEs

ACCA (the Association of Chartered Certified Accountants) Hong Kong is holding a series of free seminars and talks to be…

Industrial growth slows to 5.2% in August

The country’s industrial growth slowed to 5.2 per cent in August this year compared to 6.2 per cent growth witnessed…

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